5
PLAYBOOK TEMPLATES
Patent License Agreement
A Patent License Agreement grants rights to use, manufacture, or sell an invention covered by a patent. This playbook focuses on negotiating royalty structures, field-of-use restrictions, and ownership of improvements.
Audit & Reporting
Negotiation strategy
Ensure audit rights are comprehensive, including the right to use independent auditors and conduct audits annually or more frequently if discrepancies are found.
Negotiate to limit audit frequency to once per year and ensure audits are minimally disruptive, with costs borne by the Licensor unless significant underreporting is detected.
Essential elements
1
Audit Rights
Right to audit financial records.
2
Reporting Obligations
Quarterly usage data reports.
3
Confidentiality
Protect audit information confidentiality.
Action framework
ACCEPT
Propose edits to limit audit frequency and specify auditor qualifications.
EDIT
Reject clauses that allow unlimited audits or lack confidentiality protections.
ADD
Add clauses for cost allocation and dispute resolution.
PRO TIP
Always ensure audit clauses include confidentiality terms to protect sensitive business information.
Real-world examples
FAVORABLE
Preferred Audit Rights Clause
"The Licensor shall have the right to audit the Licensee's records and accounts related to the calculation of royalties under this Agreement. Such audits shall be conducted by an independent third-party auditor mutually agreed upon by both parties. The audits shall occur no more than once per calendar year unless a material discrepancy is found, in which case the Licensor may conduct an additional audit within the same year."
NEUTRAL
Standard Audit Clause
"The Licensor shall have the right to audit the Licensee's records once per year. Audits shall be conducted by an independent third-party auditor."
UNFAVORABLE
"The Licensor may audit the Licensee's records at any time without prior notice and without limitation on frequency."
High-Risk Licensee
Alternative scenarios & positions
Low-Risk Licensee
For licensees with a strong compliance history, consider reducing audit frequency to biennial audits.
Joint Venture Agreements
In joint ventures, ensure audit rights are reciprocal and clearly define the scope and frequency of audits.
Licensing & IPPlaybook Template (Pro both parties)
Access all other DocJuris Playbooks
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Unlike complex CLMs with long implementations and steep learning curves, DocJuris is built for speed and simplicity. We integrate with your workflow—whether connecting to a CLM or uploading agreements manually—so you're up and running in days, not months.
WEEK 1
CLM Readiness and Design
Our CX team works with you to understand your contracting challenges, prioritize key workflows, and identify the biggest impact areas. We build a tailored implementation plan that fits your needs.
WEEK 2
Install Module
We connect DocJuris to your contract repositories, set up admin and user accounts, and ensure your environment is ready for success.
WEEK 3
Deliver & Test
Your team builds initial playbooks, reviews existing clause libraries, and trains the DocJuris agent to align with your internal standards and negotiation positions.
WEEK 4
Launch
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COMPANY
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